The manufacturing sector shrank 1.1% in the quarter year-on-year, the second straight contraction reflecting a weakness in exports
Companies increase input inventories by purchasing additional materials, but hiring remains unchanged broadly
The IIP manufacturing for November expanded to its highest in five months after a subdued performance in October 2022
Monday's data cemented the view Asia's third-largest economy is better placed than many other emerging economies to weather the impact of a potential global recession
The survey compiled by the rating agency - S&P Global, and released reflected an improvement in employment and purchases by factories
Benchmark indices gained in 11 of the past 12 trading sessions
Manufacturing employment increases at 'marked rate' as factories report rise in orders, says survey
PMI for services sector released by S&P Global dipped to 54.3 in September from 57.2 in August as weak external demand weighed on overall sales, with international order declining during the month
The Adani Group stocks had been major outperformers so far this calendar year, hence the current selling can be attibuted to profit-taking at these counters
India's factory growth dipped to a three-month low in September due to a moderation in demand and output, despite easing inflationary pressures and strong business confidence
CLOSING BELL: Adani Enterprises was the biggest Nifty dragger as it dropped 9 per cent
S&P Global's Manufacturing Purchasing Managers' Index dips slightly to 56.2 in August from 56.4 in July
Job creation is subdued though companies step up purchasing and report solid manufacturing activity
As India's business optimism slid to a 27-month low of 50.9, economists say they do not see a respite for manufacturers from cost inflation in the near term
Demand showed signs of resilience in May, improving further in spite of another uptick in selling prices
CLOSING BELL: The Nifty50 index shut shop at 16,523, down 62 points or 0.37 per cent
In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction
The Manufacturing Purchasing Managers' Index declined to 54.0 in March from 54.9 in February.
Firms responded to strong increases in new work intakes by lifting production, input buying and stocks of purchases, the survey said
Business confidence was at a four-month high in December on robust demand, yet rising coronavirus infections kept it in check